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Old June 11th, 2018, 06:07 AM   #31
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Originally Posted by goober View Post
You want to balance the budget, just pass a law that sets the tax rate on income over a million dollars at a rate that balances the budget.
You'll see a balanced budget, without excessive taxation ....
Not only that, wages would increase. Example....

40% tax after 50 million
50% tax after 100 million
70% tax after 200 million etc.
To avoid certain tax brackets, your corporation, would be more apt to give the
Employees a higher % of their profit... In theory.

But greed seems to be the infectious disease, and it has spread into govt on purpose.
You'll need new leaders everywhere.
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Old June 11th, 2018, 06:13 AM   #32
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"Grabbed 82% of al the wealth"?


When I had my business in New York, I didn't grab any wealth. I and my employees created and earned wealth.

You have proven you don't understand how wealth is created. But you do know and advocate how to confiscate and redistribute wealth from those who create it with your socialist income tax.


JWK



The unavoidable truth is, our Fifth Column democrat political leaders’ plan for “free” college tuition will be paid for by confiscating and redistributing the paychecks of millions of college graduates who worked for and paid their own way through college and are now trying to finance their own economic needs.

Can we assume that your company used no infrastructure then? Or is that just something other people pay for and you should get for free?
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Old June 11th, 2018, 06:41 AM   #33
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Originally Posted by leekohler2 View Post
Can we assume that your company used no infrastructure then? Or is that just something other people pay for and you should get for free?
Business is a bitch and then you die. What kind of company and what is its status. There are many kinds of Corporations under the Tax Code. My greatest accomplishment was changing from a Type S to a Type C.
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Old June 11th, 2018, 08:29 AM   #34
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[QUOTE=johnwk;1186566]"Grabbed 82% of al the wealth"?


When I had my business in New York, I didn't grab any wealth. I and my employees created and earned wealth.

You have proven you don't understand how wealth is created. But you do know and advocate how to confiscate and redistribute wealth from those who create it with your socialist income tax.


JWK


Well, shoot yeah. IT takes a genius to understand how wealth is created--a genius like YOU??
Seriously, let's see if I can sum it up in one short sentence.

The 1% make their money ...... from money.

Want to debate that?
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Old June 11th, 2018, 08:50 AM   #35
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Quote:
Originally Posted by johnwk View Post
"Grabbed 82% of al the wealth"?


When I had my business in New York, I didn't grab any wealth. I and my employees created and earned wealth.

You have proven you don't understand how wealth is created. But you do know and advocate how to confiscate and redistribute wealth from those who create it with your socialist income tax.


JWK
Well, shoot yeah. IT takes a genius to understand how wealth is created--a genius like YOU??
Seriously, let's see if I can sum it up in one short sentence.

The 1% make their money ...... from money.

Want to debate that?


There is no debate. I earned a profit by investing my money, my time, and my various skills.


You have once again proven you don't understand how wealth is created. But you do know and advocate how to confiscate and redistribute wealth from those who create it with your socialist income tax.


JWK



A nation of people made dependent upon government for their subsistence, is a nation doomed to being enslaved by the iron fist which feeds them.
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Old June 11th, 2018, 08:53 AM   #36
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Can we assume that your company used no infrastructure then? Or is that just something other people pay for and you should get for free?
You can assume anything you desire, however wrongheaded it may be.


JWK




The unavoidable truth is, our Fifth Column democrat political leaders’ plan for “free” college tuition will be paid for by confiscating and redistributing the paychecks of millions of college graduates who worked for and paid their own way through college and are now trying to finance their own economic needs.

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Old June 11th, 2018, 08:56 AM   #37
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[QUOTE=johnwk;1186934]There is no debate. I earned a profit by investing my money, my time, and my various skills.


You have once again proven you don't understand how wealth is created. But you do know and advocate how to confiscate and redistribute wealth from those who create it with your socialist income tax.


JWK


Just a teensy question. When you state this: I earned a profit by investing my money......??????????????

Are you making money..... from.....money?

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Old June 11th, 2018, 08:59 AM   #38
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You can assume anything you desire, however wrongheaded it may be.


JWK
Can you answer the questions?
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Old June 11th, 2018, 09:05 AM   #39
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[QUOTE=Clara007;1186497]
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Originally Posted by johnwk View Post
Don't expect socialists, communists and progressives to understand and/or admit why gouging the "rich" is destructive to a nation's growth and prosperity.



JWK


Gouging the RICH??? Yeah. That must be the reason that never before in the history of this nation has the 1% thrived like it does now.

In 2017 the world's 1% grabbed 82% of all the wealth created in 2017.

Isn't it time to start being concerned about the 99%??

The number one contributor to the increased gap that you are speaking of is money creation and how it works in our current system.
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Old June 11th, 2018, 01:08 PM   #40
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Originally Posted by BubbaJones View Post
President George W. Bush: Total = $3.293 trillion, a 57 percent increase.

FY 2009 - $1.16 trillion. ($1.413 trillion minus $253 billion from Obama's Stimulus Act)
FY 2008 - $459 billion.
FY 2007 - $161 billion.
FY 2006 - $248 billion.
FY 2005 - $318 billion.
FY 2004 - $413 billion.
FY 2003 - $378 billion.
FY 2002 - $158 billion.

President Bill Clinton: Total = $63 billion surplus, a 1 percent decrease.

FY 2001 - $128 billion surplus.
FY 2000 - $236 billion surplus.
FY 1999 - $126 billion surplus.
FY 1998 - $69 billion surplus.
FY 1997 - $22 billion.
FY 1996 - $107 billion.
FY 1995 - $164 billion.
FY 1994 - $203 billion.

President George H.W. Bush: Total = $1.036 trillion, a 36 percent increase.

FY 1993 - $255 billion.
FY 1992 - $290 billion.
FY 1991 - $269 billion.
FY 1990 - $221 billion.

President Ronald Reagan: Total = $1.412 trillion, a 142 percent increase

FY 1989 - $153 billion.
FY 1988 - $155 billion.
FY 1987 - $150 billion.
FY 1986 - $221 billion.
FY 1985 - $212 billion.
FY 1984 - $185 billion.
FY 1983 - $208 billion.
FY 1982 - $128 billion.

President Jimmy Carter: Total = $253 billion, a 36 percent increase.

FY 1981 - $79 billion.
FY 1980 - $74 billion.
FY 1979 - $41 billion.
FY 1978 - $59 billion.


Look at all those big increases in debt when DEMOCRATS controlled both houses, look at moderate increases in debt when DEMOCRATS CONTORLLED one house of congress Look at the Surpluses and lower debt increases when GOP controlled BOTH HOUSES,


Plus why didn't you include the debt creation during the OBAMA administration

OH wait YOU THOUGHT YOU WERE GOING CHERRY PICK,,

Well the only thing you proved is DEMOCRAT CREATED 75% OF OUR NATIONAL DEBT,

(you forget CONGRESS not PRESIDENTS create debt,)

and the most of the debt was created by DEMOCRATS
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